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TAG SEARCH RESULT: Third Quarter

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December 5, 2016 - Industry News

Experian: Financing Extended to Subprime Car Buyers Declines to Record Lows in Q3

Auto financing extended to subprime and deep-subprime car buyers fell 4.5% from a year ago, as the auto finance industry continued to squash fears of a forming subprime bubble. Newly originated loans made to prime car buyers jumped 2% to encompass nearly 60% of auto loans originated during the period.

Tags: Auto Loans, Deep-Subprime, Experian, subprime, Third Quarter

November 9, 2016 - Industry News

Asbury: F&I Experiences "Small Setback" in Q3

Asbury Automotive COO David Hult called the group's F&I performance in the third quarter a "small setback" compared to previous quarters, noting that he remains hopeful for the coming quarter.

Tags: Asbury Automotive, F&I, Quarterly Earnings, Third Quarter

November 9, 2016 - Industry News

Auto Balances Up 9% in Q3, TransUnion Reports

Total auto loan balances in the third quarter grew 9% from a year ago to $1.1 trillion, with subprime balances leading the way, TransUnion reported on Monday.

Tags: Auto Loan Originations, Auto Loans, Third Quarter, TransUnion

November 3, 2016 - Industry News

Sonic: Q3 'Operationally Challenging'

F&I, used retail sales, and fixed ops helped dampen Sonic's third quarter declines in volume and gross profit per unit (GPU) retailed. The group also reported that its EchoPark locations increased their F&I per-copy average by 16.3% to $1,078. Overall, the group's F&I operations averaged $1,341 per copy during the period.

Tags: F&I, Quarterly Earnings, Sonic Automotive, Third Quarter, used vehicles

October 27, 2016 - Industry News

Lithia: Right People, Pay Plans and Product Deliver Record F&I Performance in Q3

Record-setting F&I, a strong used-vehicle segment, and gains in parts and service paved the way for a year-over-year improvement in total gross profit for Lithia Motors during the period.

Tags: F&I, Financial Report, Lithia Motors, Third Quarter

October 26, 2016 - Industry News

Group 1 Automotive Chooses Margin Over Volume in Q3

Margin over volume was the message coming out of Group 1 Automotive during its third-quarter earnings call. The dealer group reported that a sharp decline in unit sales offset improved new-vehicle margins, as well as gains in F&I and parts and service.

Tags: Financial Report, Group 1 Automotive, Third Quarter

November 3, 2015 - Industry News

New-Vehicle Transaction Prices Rise More Than 1% in October

The Volkswagen brand, still suffering from the diesel emissions scandal, was the only brand to show a dip in average transaction prices.

Tags: Kelley Blue Book, new-vehicle sales, October 2015, Third Quarter, transaction prices

November 3, 2015 - Industry News

AutoNation Posts $146 Q3 Increase in F&I Per-Copy Average

The group averaged $1,549 in F&I profit per vehicle retailed in the third quarter. Company officials noted that new-vehicle PVRs from self-generated sales, including F&I contributions, were about $800 higher than new-vehicle PVRs from sales generated by third-party lead providers.

Tags: AutoNation, Quarterly Earnings, Third Quarter, TrueCar

October 7, 2015 - Industry News

Q3 Used-Car Market Remains Strong, Manheim Reports

Used-vehicle prices were up nearly 3% in the third quarter from a year ago, according to Manheim’s Used Vehicle Value Index, a measure of wholesale prices adjusted for mix, mileage and season.

Tags: Manheim, Manheim Used Vehicle Report, Third Quarter, used vehicles, Wholesale Pricing

December 2, 2014 - Industry News

Loan Amounts Reach Record Highs in Q3

Experian Automotive reported this week that average dollar amount for both new and used vehicle loans reached all-time highs in the third quarter, climbing to $27,799 and $18,576, respectively.

Tags: Auto Loans, Experian Automotive, Third Quarter

October 23, 2014 - Industry News

Asbury’s F&I Per Copy Average Rises $22

F&I gross profit per retail unit grew to $1,337 on a same-store basis for the publicly traded dealer group, but the performance of the operation’s parts and service segment was the big story in the third quarter.

Tags: Asbury Automotive, F&I profit, Quarterly Earnings, Third Quarter

November 13, 2012 - Industry News

DealerTrack Raises 2012 Guidance on Q3 Performance

Based on the first nine months of 2012, DealerTrack says it expects franchised dealers to end the year with 14.3 million new cars sold.

Tags: Dealertrack, loss, Mark O'Neil, Performance, profit, Q3, Third Quarter

October 30, 2012 - Industry News

Group 1 Profits Rise 46 Percent in Q3

Group 1 posted a 46 percent increase in its third-quarter profit behind rising new-car sales and record-setting F&I penetration.

Tags: Earl J. Hesterberg, Group 1 Automotive, net income, profit, Quarterly Earnings, Third Quarter

October 30, 2012 - Industry News

AutoNation Reports Rise in New-Vehicle Sales, Record-Setting F&I Performance

Stronger new-vehicle sales and a record performance by its F&I operations drove a 15 percent increase in AutoNation’s third-quarter profits.

Tags: 2012, AutoNation, earnings, Michael E. Maroone, Mike Jackson, Quarterly Earnings, Third Quarter

October 25, 2012 - Industry News

Profits Rise 48 Percent for Lithia

Lithia reported higher profits and revenues for the third quarter. Highlights include a 36.4 percent increase in F&I revenues.

Tags: F&I, Lithia Motors, profit, Quarterly Earnings, Revenue, Third Quarter

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